Hi Manish,
Good morning, can you help me with the below 2 queries please:-
1) My wife & I save about 75K per month after expenses and paying off 100L term insurance premium of 4200 per month. I do not have any MF presence (about 1L stocks from my DIY project). I want to start SIP for long term and also buy 2nd house. I’m thinking of below breakup of my 75K p.m.
1) 2nd House EMI – 50K
2) SIP in following MFs: 25K
Large cap:
ICICI Prudential Focused Bluechip Equity Fund (G) = 5000 /-
Small & Mid cap:
SBI Magnum Emerging Businesses Fund (G) = 2500/-
HDFC Mid-Cap Opportunities Fund (G) = 2500
Diversified equity:
UTI MNC Fund (G) = 5000/-
Tata Contra Fund (G) = 5000/-
Debt Short Term:
HDFC Mid-Cap Opportunities Fund (G) = 2000/-
Debit: Gold ETF
GS Gold BeES = 3000 /-
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Is this selection good ?
Thanks,
Sam